Monthly Archives: November 2018

Q3 Economic Growth Still Strong

Financial FAQs Econoday.com Q3 real GDP growth was up 3.5 percent, according to the U.S. government Bureau of Economic Analysis. “With this second estimate for the third quarter, the general picture of economic growth remains the same; upward revisions to … Continue reading

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Beware the Shrinking US Dollar!

Popular Economics Weekly Econoday.com Barron’s Magazine reported that the Fed is shrinking credit too quickly, and it will slow not only U.S. economic growth, but growth in the rest of the world as well. Why? Because the U.S. Dollar is … Continue reading

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Home Sales Rise for the Holidays

The Mortgage Corner Econoday.com Existing-home sales increased in October after six straight months of decreases, according to the National Association of Realtors. Three of four major U.S. regions saw gains in sales activity last month. Lawrence Yun, NAR’s chief economist, … Continue reading

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Retail Sales Surge While Consumers Pay Down Debt

Popular Economics Weekly Econoday.com U.S. retail sales rebounded sharply in October as purchases of motor vehicles and building materials surged, likely driven by rebuilding efforts in areas devastated by Hurricane Florence. CBS News reports an economic consulting firm says Hurricane … Continue reading

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Retail Sales Surge While Consumers Pay Down Debt

Popular Economics Weekly Econoday.com U.S. retail sales rebounded sharply in October as purchases of motor vehicles and building materials surged, likely driven by rebuilding efforts in areas devastated by Hurricane Florence. CBS News reports an economic consulting firm says Hurricane … Continue reading

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Higher Interest Rates Ahead?

Popular Economics Weekly Econoday.com The benchmark 10-year Treasury Bond Yield that determines mortgage and other long term rates ended at 3.13 percent today from 3.11 percent last week with the continued stock market selloff. It was as high as 3.22 … Continue reading

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What Happens to 1% with Demo’s Blue Wave?

The Mortgage Corner   Washington Post Now that the Democrats will be taking back the US House of Representatives in January, can they enact programs that improve the record income inequality in America? American citizens have the least equal incomes … Continue reading

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